Nuts-n-Bolts
Figurative nuts-n-bolts. As previously mentioned, I intend for this to be a free-standing company, separate from our other investment properties. Therefore, I am creating a new LLC, need new bank accounts, post office box, etc.
Meanwhile, out in the field, inspection and other work is starting very soon (tomorrow at 10am). I will need to write checks to contractors. That requires a bank account. To open a bank account for the company, the bank wants my LLC docs. The LLC is still in the attorney's hands and the articles are not yet filed. Then of course, the attorney will need to be paid, so I need a bank account, preferably in the name of the company for cleanliness and clarity. All my life's a circle.
I have to say, it was less hectic for the first LLC when we sedately created an LLC, bought a P.O. Box, created and funded accounts and THEN went shopping for property. On the other hand, a deal's a deal and I'm glad to have a shot at this one.
Meanwhile, out in the field, inspection and other work is starting very soon (tomorrow at 10am). I will need to write checks to contractors. That requires a bank account. To open a bank account for the company, the bank wants my LLC docs. The LLC is still in the attorney's hands and the articles are not yet filed. Then of course, the attorney will need to be paid, so I need a bank account, preferably in the name of the company for cleanliness and clarity. All my life's a circle.
I have to say, it was less hectic for the first LLC when we sedately created an LLC, bought a P.O. Box, created and funded accounts and THEN went shopping for property. On the other hand, a deal's a deal and I'm glad to have a shot at this one.
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